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Michael Gibbs, Clinical Professor of Economics invites you to join him for an MBA Masterclass in London.

Labor Market Robot Apocalypse?

Technological change has had dramatic effects on labor markets for several hundred years. These information technology and telecommunications revolutions have significantly influenced job design and created demand for different types of skills. Are machines finally reaching the point where they can replace people in most types of work?

Recent advances in artificial intelligence are changing the situation once more. Machine-learning algorithms are rapidly increasing the ability for computers to perform some types of cognitive tasks, and also helping machines become better at performing physical tasks. These developments have caused many observers to worry that we have finally reached the age when technology will create mass unemployment.

Hear Professor Gibbs, as he discusses these developments and places them in context. He provides a framework for thinking about when automation of tasks replaces humans, when it augments their work and how that may be changing with modern machine learning and robotics techniques. He will also provide an assessment of recent research on the extent to which jobs are at high risk of automation, and discusses public policy implications.

This Masterclass is not only an opportunity to hear some of his latest research, but also an opportunity to witness Chicago Booth's unique approach to teaching and learning.

The event will also include a short presentation on Chicago Booth's top-ranked global Executive MBA Program. You'll learn how our part-time Executive MBA in London attracts the best and brightest executives from around the EMEA region.

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Speaker Profiles

Michael Gibbs (Speaker)Clinical Professor of Economics, Chicago Booth

Michael Gibbs studies the economics of human resources and organizational design. He is co-author (with Edward Lazear) of the leading textbook in the field, Personnel Economics in Practice. The 3rd edition was published in 2014. It has been translated into Japanese, Korean, Bulgarian and Spanish, and a Chinese edition is forthcoming. Gibbs's research has been published in the Quarterly Journal of Economics, Review of Economics & Statistics, Industrial & Labor Relations Review, Accounting Review, and other journals. Professor Gibbs is a Research Fellow of the Center for the Study of Labor (IZA) and the Institute for Compensation Studies. From 2012-2015, he was Faculty Director of Booth's Executive MBA program.

In 2007 Gibbs received the Notable Contribution to Management Accounting Literature from the American Accounting Association. He has received three Hillel Einhorn Excellence in Teaching Awards.

Gibbs earned an AB, AM and PhD in economics, all from the University of Chicago.